Tata Power, announced that the company’s generation, for the first time, has crossed 52,000 Million Units (MU), collectively from all its power plants in FY17. The company also reported capacity increase by 16 per cent per cent in FY17 as compared to FY16.

Globally, 20 per cent of the total generated energy is used for lighting purposes alone. Experts are of the opinion that the said number has to be revoked considering the challenges arising from climate change issues.

YES BANK has signed an MoU with Bureau of Energy Efficiency (BEE) to become the Participating Financial Institution (PFI) to avail the risk guarantee under the Partial Risk Guarantee fund for Energy Efficiency (PRGFEE). The PRGFEE is a risk sharing mechanism that provides YES Bank with a partial coverage of risk involved in extending loans for Energy Efficiency projects with an objective of scaling-up Energy Efficiency investments in India.

“The approval of coal linkage policy by the CCEA is a welcome move for the power sector. Thermal power generation capacity i.e. 221GW represents India’s 67 per cent of the total power generation capacity. Of this, coal based capacity works out to be 88 per cent indicating lions share in overall capacity, so the new coal linkage policy is likely to be positive for the sector,” said Mayuresh Joshi, Fund Manager, Angel Broking.

A new report released by the Energy Finance Studies Australasia at Institute for Energy Economics and Financial Analysis (IEEFA) details how NTPC is poised to facilitate India’s drive toward ambitious national renewable energy targets and is leading the global energy transition.

Despite policies and net metering guidelines in several states, a subsidy of 30 per cent offered by the MNRE, the installation of solar rooftop systems has been dismal in leading metros in the country, especially in Chennai and Mumbai, says a Greenpeace India analysis, titled ‘Indian cities slacking on rooftop solar’.

GoI has decided to put aside the grandiose project Utkarsh — a roadmap for achieving 1 BT production by CIL by 2020 at an investment of over Rs 1 lakh crore — in the light of rapidly changing socio-economic dynamics in which the country needs less coal.